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Russia Is Now World's Number One Oil Producer

Elaine Meinel Supkis

Ticky commies are besting us on every front. As we go down the drain due to disasterous military religious wars, they are making hay while the sun shines. Russia now is number one in OPEC. And China is reeling in India into their growing economic consortium that has locked out America. Ahem. And British workers wonder why they, like American workers, are getting shafted. Geeze, ask the commies about this!

Statistics recently published by the oil cartel OPEC show that Russia is currently extracting more oil than Saudi Arabia, making it the biggest producer of “black gold” in the world, the British Financial Times reported on Wednesday, Aug. 23.

OPEC statistics show that in the period since 2002 Russian companies have surpassed the Saudis as the world’s biggest oil producers on an on-and-off basis. The latest figures, however, have been hailed in Russia as evidence that such periodic production spikes are no one-offs and that Moscow really does have a right to lay claim to the number one spot.

According to OPEC, in June 2006 Russia extracted 9.236 million barrels of oil, which is 46,000 barrels more than Saudi Arabia. The statistics also showed that Russian production in the first half of this year increased to 235.8 million tons, a year-on-year improvement of 2.3 percent.

I read in various places, people yelling about how we should dig up all the coal in America, the stuff that was supposed to last 500 years or so, and manufacture oil out of it. Isn't that a great plan. Then, 500 years from now, our progeny will have to resort to flint again after they are unable to smelt steel, right?

I will also note that yearly assurances from Saudi Arabia about upping oil production is all hot air. Production has been dropping. I remember when it was higher than 9 million barrels per annum. Now it is barely clearing that hurdle? Huh?

KUALA LUMPUR, Aug. 24 (Xinhua) -- Economic ministers of the Association of Southeast Asian Nations (ASEAN) and India Thursday reaffirmed their will to move forward their negotiations on trade in goods.

ASEAN Economic Ministers (AEM) and Indian Minister of Commerce and Industry reached the consensus during their fifth consultations in Kuala Lumpur of Malaysia, a half-day meeting co-chaired by Malaysian Minister of International Trade and Industry Rafidah Aziz and her Indian counterpart Kamal Nath.

Ostriches lay group nests. Namely, once a nest is established, all the hens try to sneak in eggs so the male that sits on it can hatch them. Since all males want to hatch eggs, the hens happily plop eggs in many nests.

That is our method of 'free trade' only our nest is the home of a mountain of IOUs. And it is going to be a nasty surprise to us when no eggs hatch! China is guarding their nest, ditto the Japanese who again, won't even let in beef after promising to do that, not a thing gets into THEIR little nest. Anyway, this is expanding and China is organizing the alternative trade system. Bad for us and good for them.

Beijing "has asked Kim to visit China as soon as possible, as it believes such a visit will help resolve problems" related to North Korea's July missile tests, Yonhap news agency said, quoting a "North Korea watcher" in China.

"The government hopes the visit will take place within this year," the unnamed source added, according to Yonhap.

Why can't our government just forget about it all. The propaganda value of pretending we are stopping anything in Asia is now backfiring. We look ridiculous. A correct evaluation, by the way.

LONDON, Aug. 24 (Xinhua) -- British companies and workers were more vulnerable to the disadvantages of globalization than the rest of Europe, according to a report issued on Thursday by the Trade Union Congress (TUC), an umbrella body for trade unions in the country.

British employees undoubtedly benefited from the cheap goods and greater prosperity brought about by globalization, but were more vulnerable than their European counterparts to the negative impacts of globalization, said the report which called on the government to do more to support workers whose livelihoods were put at risk by growing global trade.

Britain buys in 25 percent more goods and services than it sells abroad, therefore, more British workers are at risk from international trade compared with their European Union colleagues.

The Chinese have not forgotten the Opium wars or how Britain exploited them for a long, long time. Before the Japanese tried it. The desire for some revenge shouldn't be discounted. We should be very wary about that force, too. We colluded with the Japanese after WWII, not the Chinese! And we are attacking the Muslims, not courting them.

Comments

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Trading or investing in stock market is serious business. One must understand basics of stock market before they work in it. Sharetipsinfo is presenting complete Glossary of Stock market. Understand stock market better.

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Regards Buzzingstreet

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RegardsSHARETIPSINFO TEAM

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